Home ownership rates are at levels not seen since 1967. And they are expected to move even lower in the next 10 years. But why? Interest rates are at historic lows right now. There are far more loan products for people to use than 48 years ago. Here's one guess: In 1967, a new home cost you $14,250. The average household income in ...
It looks like 2000 might be the peak for home ownership in our lifetimes. In 2000, 66.3% of Americans owned their own home. Its done nothing but drop since then, with no change in sight. The Urban Institute predicts that the ownership levels in 2030will be at about 61%. Each 1 percent drop represents 1 million people ...
According to John Burns Real Estate Consulting, you can sum Phoenix rents and real estate prices over the next 4 years in a word: UP. We'll make it easy and outline Phoenix in red and point some arrows at it: What does this mean? Burns believes single family rents in Phoenix will be up 9% in the next 4 years. (by ...
The people over at BiggerPockets.com sum up the dilemma of pricing out your rental home perfectly: "If you’re charging too much, you’re likely to be sitting with vacant units. If you’re selling yourself short, you&rsq...
You may have heard there is more than one way to skin a cat (don't tell fluffy), but also true is that there is more than one way to make money through your rental home. Authors and real estate experts...
This is a summary of an article that appeared in the Arizona Republic, which you can read in full here.
